Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore Gets In-Principle Approval for Major Payment Institution License The Singapore subsidiary of cryptocurrency…
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Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated Dukascopy Bank Launches Automated Crypto Lending Feature Geneva-headquartered Dukascopy Bank is now offering…
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The Ministry of Justice’s proposed ‘Help with Fees’ scheme will not classify cryptocurrencies as disposable income following a public consultation. British citizens that hope to access legal assistance through the proposed ‘Help with Fees’ (HwF) scheme will not have cryptocurrency holdings classified as disposable income. The Ministry of Justice published its response following public consultation…
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Cointelegraph apologizes to its readers and discusses its investigation into what led to the posting of unverified news on X about a spot Bitcoin ETF. Dear Cointelegraph readers, We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful,…
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Fees will not be collected on inter-stablecoin trades, nor on wrapping Ether. Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17. According to a post by Hayden Adams, the DEX’s founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped…
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After halting withdrawals in June 2023, Haru Invest is yet to come up with a timeline to repay its customers. Troubled cryptocurrency platform Haru Invest plans to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance…
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Palestinian militant organizations, including a Hamas-linked Islamist group, have been using a Moscow-based crypto exchange to transfer millions, a press report revealed. The U.S.-sanctioned platform, which allows customers to convert Russian cash to crypto and then withdraw fiat abroad, has been also serving criminal gangs and rich Russians, sources claim. Russian Exchange Allegedly Transfers Millions…
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The $5-billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger. The United States government has become one of the largest Bitcoin (BTC) holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions…
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Ferrari’s decision to accept cryptocurrency payments was driven by market demand and dealer requests, with numerous clients investing in digital currencies. Ferrari will accept cryptocurrency payments for its luxury sports cars in the United States due to customer demand. The carmaker also plans to accept crypto payments in Europe. According to an Oct. 14 report…
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Among many critical revelations about Alameda and FTX’s relationship, Caroline Ellison confirmed that Alameda always had access to customers’ funds at FTX. The ongoing trial of former FTX CEO Sam Bankman-Fried has uncovered a series of explosive revelations in the form of testimonies from former key FTX and Alameda Research executives. The latest court proceedings…
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